Prosperity identifies new targets in Aceh copper/gold project

Australia-firm Prosperity Resources Limited reported Wednesday that it has released the second part of the 3D inversion modelling from the 2010 helimag survey flown within the exciting Aceh gold project.

The result from 3D inversion modeling for the eastern belt of magnetic anomalies outlined in the Aceh project highlights six additional potential copper/gold porphyry targets, the company said.

Assessment of the new targets identified has commenced with follow up reconnaissance geology and sampling, it said.

?This second part of 3D inversion modelled data was undertaken to assist in interpretation of the magnetic survey and to focus field geological reconnaissance mapping and sampling activities. The integration of the magnetic and field data has aided both geological and magnetic interpretation and refined the understanding of mineralisation controls and its setting,? the company said.

The second part of the 3D inversion modeling data is for the NE Panton Luas, Samadua East, Serotan, Damar Buwi, Mersak East and Payabu prospects. ?Information on geology and geochemistry of these areas is very poor at this stage. This release only includes prospects which fall within the eastern belt of anomalies within the Prosperity licences,? it said.

Prosperity Resources controls a 410km2 contiguous tenement position along a 60 km structural corridor to the west of the Sumatra Fault considered highly prospective for gold/copper mineralisation. The helicopter borne magnetic survey completed in the latter part of last year identified several potential porphyry centres and high grade skarn occurrences.

The previous release contained information covering anomalies from the western belt of anomalies. As noted in the previous release for the western belt there is a commonality in geological style in the eastern belt, in this case evidence of magnetite-rich intrusives with significant vertical persistence which are considered likely to be related to significant altered and mineralised basic to intermediate composition intrusives.

The data from most of the eastern area was flown at 200 metre line spacing. Current reconnaissance field programs are directed at confirming their character over this field season. (romel)